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The bandana one group or gang will wear/rock/display to let others know who they run with.
Stupid kid and friend:Lets go snatch his bandana.
Blood gang member:Dont fuk around wit my flag....touch it and I'll crack u in the mouth!
flag by F.S July 8, 2005
Related Words
A bandana worn in the left rear pocket of the pants. These are usually worn by gangstas, rappers, and people who are influenced by rap music. I've only seen blue and white flags, although I'm sure there's red flags too (maybe even other colors as well). The white flag can be seen in Eminem's music video, 'Just Lose it', and the blue flag can be seen in Snoop Dogg's music video, 'Drop it Like it's Hot'. Snoop Dogg says that his blue flag signifies that he is a crip, so it seems reasonable that a blood would wear a red one. If anyone wants to correct me, then feel free to do so.

Skaters can also be seen wearing flags. They usually wear black or white ones (although the color probably doesn't matter for them), and theirs is neatly folded into a triangular shape and only about four inches of it stick out, whereas the gangsta/rapper/rap-influenced person practically lets the whole thing hang out.
"I keep a blue flag hanging out my backside, but only on the left side, yeah that's the crip side" -Snoop Dogg, Drop it Like its Hot
Flag by wcgold May 24, 2005
"naaah - it'll be crap - let's flag it. "
flag by angela June 6, 2003
To single out for attention and scrutiny.
Flag his personnel file, Mr Hoover, I think his cousin was a Bolshevik.
flag by harry flashman July 10, 2003
to not do / want
alex - wanna go for a walk
mark - nah flag stay here and get baked

also
i can't be flagged isnsted of can't be fucked
flag by metaldread September 29, 2010
(v) To pull another person's pants down.
"Go flag Steven! Let's see if he's wearing silk boxers!"
Flag by PenguinPants November 1, 2004